For Sale
$549,900

2913 Israel AveMission, TX 78573

Brand new 4-unit apartment complex, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, four-unit apartment complex located at 2913 E Israel Avenue in Mission, Texas, 78573. Built in 2024, this Class B multifamily property boasts a total of 4,632 square feet of net rentable space, distributed across two two-story buildings situated on an 11,207.117 square foot lot. Each of the four units features three bedrooms and two bathrooms, complete with a full suite of Samsung appliances including a stove, microwave, refrigerator with water and ice dispenser, and a stacked washer/dryer. The units are designed with light, comfortable color schemes, LED lighting, and ceiling fans. The exterior is low-maintenance brick and rock, complemented by mature landscaping and a large lawn area. The property enjoys a 100% occupancy rate, generating a pro-forma NOI of $44,628 and an 8.30% cap rate. The property is zoned for multifamily residential use and is situated in a desirable location near excellent schools and various employment centers, within a six-mile radius. This turnkey investment offers a compelling combination of new construction, high occupancy, strong cash flow, and a prime location, making it an ideal addition to any portfolio. The property's attractive features, including open floor plans, luxurious master bathrooms with walk-in showers, and a peaceful cul-de-sac setting, ensure strong tenant appeal and long-term value.

Highlights

  • Brand new, four-unit apartment complex in Mission, TX.
  • 4,632 square feet of net rentable space on an 11,207 square foot lot.
  • Four 3 bed/2 bath units with Samsung appliances and open floor plans.
  • 100% occupancy, generating a $44,628 pro-forma NOI and 8.30% cap rate.

Property Details for 2913 Israel Ave

Property type
Apartment buildings, Small apartment buildings
Class
B
Year Built
2024
Buildings
2
Stories
2
Units
4

Location Insight

City
Mission
County
Hidalgo
State
Texas
Latitude
26.274377
Longitude
-98.2913729
2913 Israel Ave, Mission, Texas

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2913 Israel Ave
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